Westgold Resources Online Annual Report 2024

14 Westgold Resources Limited Annual Report 2024 REVIEW OF OPERATIONS (CONTINUED) OUR OPERATIONS Figure 5. Great Fingall Resource GREAT FINGALL During the period under review, Westgold committed to the development of the iconic Great Fingall mine at Cue. Great Fingall is one of the few remaining high-grade reef mines in Australia which has not been subject to a modern phase of mining. The Board approved the development of Great Fingall in August 2023, and development commenced immediately. First ore from Great Fingall is expected in the latter half of FY25, following an 18-month schedule which will see development of a decline down to the virgin reef 700m below surface, under the old workings of the historic mine. At the end of FY24, the Project was well-progressed, with decline advance rates exceeding assumptions in the Feasibility Study. Phase one of the primary ventilation circuit had also been completed, with fans installed on the first large diameter vent raise. Dewatering of the Great Fingall and Golden Crown workings continued during the period, in preparation for development under the historic workings. At full production, the Great Fingall mine will produce more than 45,000oz of gold per annum. # # # ## # 1.93m @ 6.37g/t from 787.77m in 23GFDD001_W2 9.66m @ 4.38g/t from 793m in 23GFDD001_W3 1.3m @ 12.15g/t from 827m in 23GFDD001_W1 2.3m @ 4.56g/t from 886.7m in 23GFDD001_W4 15.12m @ 4.31g/t from 796.78m in 23GFDD002_W1 2.4m @ 8.15g/t from 798.05m in 23GFDD002_W2 SCHEMATIC OBLIQUE SECTION LOOKING NORTH Current Decline Take-off to Golden Crown Historical UG Mine (1983-1996) 288koz @ 13.80g/t Au Historical UG Mine (1891-1929) 1.2Moz @ 19.50g/t Au OP Mine (1995-2018) 137koz @ 1.55g/t Au UPPER FINGALL LOWER FINGALL Base of Current Mine Plan Golden Crown Great Fingall 900mRL 750mRL 600mRL 450mRL 300mRL 150mRL 0mRL -150mRL -300mRL 900mRL 750mRL 600mRL 450mRL 300mRL 150mRL 0mRL -150mRL -300mRL East West 500 Metres Open Pit Void Underground Void Golden Crown Resource Upper Great Fingall Resource Lower Great Fingall Resource LEGEND

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